Cryptsy Cryptocurrency Access Class Action Settlement

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

The plaintiffs in this lawsuit allege that the Cryptsy acted unlawfully by denying users the ability to withdraw or use the funds in their accounts and by stealing the digital currency held in the Cryptsy customer accounts for their own use. Cryptsy operated an online business for general consumers and the public to exchange, invest, and trade in digital cryptocurrencies, such as “Bitcoin” and “Litecoin.” 

Docket Number:

9:16-cv-80060

Company: Project Investors

Filing Deadline: May 17, 2017

Class Period: November 1, 2015 to June 2, 2017

Objection Deadline: May 3, 2017

Exclusion Deadline: April 17, 2017

Final Approval Hearing: June 2, 2017

Proof of Purchase:

Claimants must provide details about their holdings at Cryptsy.

Eligibility:

This settlement includes individuals who are Cryptsy account owners who held Bitcoins, alternative cryptocurrencies, or any other form of monies or currency at Cryptsy as of November 1, 2015, through June 2, 2017, and are unable to access their cryptocurrency.

Typical Settlement Amount:

Settlement shares will be divided on a pro rata basis. Claimants will be eligible to receive a share based on the value of their holdings in Cryptsy compared to the total holdings.

Total Settlement Amount: To be determined; the settlement amount depends on the value of objects seized from those who operated Cryptsy.

Class Representative Proposed Incentive Fee:

$500

Law Firms:
Silver Law Group
Wites & Kapetan PA

Claim Form: Proof of Claim and Release

Case Name: Leidel, et al. v. Project Investors Inc.

Settlement Website: Cryptsy Cryptocurrency Settlement

Claims Administrator:
Angeion Group

Claims Administrator Contact Information:

Cryptsy Claims Administrator
1801 Market Street, Suite 660
Philadelphia, PA 19103
Phone: 1-888-868-4936
Fax: 1-215-525-0209

Tags: Cryptocurrency, Your Money